Word: ruhf
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Mack's directors knew one way out: change the management. Out of the presidency went Charles T. Ruhf, a 40-year Mack employee and president since 1943. In as $100,000-a-year president and chairman went Edwin Dagobert Bransome, 57, a Mack director and a rough & ready executive who had put one other wobbly company back on its feet. Last week President Bransome proved that the name Mack was again synonymous with strength. In 1950, he reported, Mack's sales jumped nearly 50% to $123 million, its net to $1.3 million...
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